Todd Debonis Sells 24,842 Shares of Pixelworks, Inc. (NASDAQ:PXLW) Stock

Pixelworks, Inc. (NASDAQ:PXLW) CEO Todd Debonis sold 24,842 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $1.15, for a total value of $28,568.30. Following the completion of the transaction, the chief executive officer now directly owns 1,765,223 shares of the company’s stock, valued at $2,030,006.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Pixelworks Price Performance

Pixelworks stock opened at $0.96 on Friday. The stock has a market cap of $55.49 million, a price-to-earnings ratio of -2.46 and a beta of 1.82. The company has a quick ratio of 4.51, a current ratio of 4.78 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of $1.99 and a 200 day simple moving average of $1.81. Pixelworks, Inc. has a 52 week low of $0.94 and a 52 week high of $3.08.

Institutional Trading of Pixelworks

A number of large investors have recently modified their holdings of PXLW. Acadian Asset Management LLC increased its position in shares of Pixelworks by 219.0% in the first quarter. Acadian Asset Management LLC now owns 734,287 shares of the semiconductor company’s stock worth $1,893,000 after purchasing an additional 504,071 shares during the last quarter. ClariVest Asset Management LLC bought a new position in shares of Pixelworks in the 1st quarter worth $530,000. Essex Investment Management Co. LLC purchased a new stake in shares of Pixelworks during the 4th quarter valued at $255,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Pixelworks by 22.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 80,096 shares of the semiconductor company’s stock valued at $91,000 after buying an additional 14,610 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Pixelworks during the 1st quarter worth $84,000. Institutional investors own 21.37% of the company’s stock.

Wall Street Analyst Weigh In

PXLW has been the topic of a number of recent research reports. Craig Hallum dropped their price objective on Pixelworks from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Roth Mkm lowered their price target on shares of Pixelworks from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. StockNews.com raised shares of Pixelworks from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Needham & Company LLC decreased their target price on shares of Pixelworks from $3.50 to $2.50 and set a “buy” rating on the stock in a report on Wednesday, May 15th.

About Pixelworks

Pixelworks, Inc, together with its subsidiaries, develops and markets semiconductor and software solutions for mobile, home and enterprise, and cinema markets in the United States, Japan, China, Taiwan, Korea, and Europe. The company offers imageprocessor integrated circuits, such as embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing within high-end display systems; visual processor integrated circuits that works with a mobile application processor; and transcoder integrated circuits which includes software that control the operations and signal processing for converting multiple bitrates, resolutions and codecs to provide bandwidth efficient video transmissions based on industry standard protocols.